crashbandicootjunglerollers| Small-cap stocks "fell", military stocks were accidentally injured? Defense and Military Industry ETF (512810) fell 3.93%! There is another big move to "absorb low" funds...

The defense industry plate suffered a heavy setback!

On Tuesday, the defense and military industrial sector fell across the board. 70 shares of 80 constituent stocks in the CSI closed down, while aviation equipment and military electronic concept stocks led the plate down. Chenxi Airlines (300581), Situang Electronics (600990), Guangqi Technology (002625) and Gaode Infrared (002414) fell more than 9%! China Aviation Department and China Shipping Department all suffered setbacks, while AVIC West Flying fell by 2.Crashbandicootjunglerollers.32%, Chinese ships (600150) fell 2.37%.

Picture: component stocks of the CSI fell by TOP10

Defense industry ETF (512810), which tracks the CSI index, fell unilaterally throughout the day and accelerated down in the afternoon, with prices down 3.93 per cent, giving up yesterday's gains and the biggest one-day decline since January 23. The whole-day turnover was 55.01 million yuan, a decrease compared with yesterday.

Why did the national defense industry plummet?

It just improved yesterday, but the whole line has been wiped out today. what is the reason?

1. External unrest factors fermented, and the Asia-Pacific market fell across the board. The sword of the situation in the Middle East is high. Today, the entire Asia-Pacific market, including A-shares, is floating green, and pessimism quickly spread to the defense industry sector.

2. The growth style of small and medium-sized companies has generally suffered a decline today. The growth style of the component stocks of the CSI is outstanding, and the small and medium-sized stocks are among the leading declines today, or they may be accidentally injured.

How do you view the current investment opportunities?

Is there still a chance for the defense industry plate?

In terms of fundamentals, according to the latest research by Shen Wanhongyuan (000166), the prosperity of the military industry is determined, and the performance of 2024Q1 is expected to be about 76.6-8.12 billion yuan, an increase of 11.1%, 17.7% over the same period last year, maintaining steady growth.

Industry news, a few days ago, following AVIC, Aerospace Science and Technology (000901) Group, Aerospace Science and Technology personnel landed. Anti-corruption and other major factors affecting the military industry may enter the final stage, the follow-up military industry-related orders are expected to resume orderly transmission, military-related targets are expected to enter a new growth cycle.

In terms of catalytic factors, in recent days, a number of events around the world, including tensions in the Middle East, have highlighted the importance of national defense security and national defense construction. Great changes never seen in the world have accelerated the evolution, and the logic of the national defense and military industry plate is strong.

Existing capital-intensive layout

In fact, recently, there have been frequent new developments in the funding side of the national defense and military industry plate. Take the representative national defense industry ETF (512810) as an example, when the ETF rebounded on April 15, it won nearly 10 million yuan of funds to "take advantage of the victory to pursue". Looking at it for a long time, the ETF received a net purchase on 8 days in the last 10 trading days, with a total amount of more than 40 million yuan. Today, the defense industry ETF (512810) fell sharply, and intraday premiums occurred frequently, indicating that the buying funds are relatively strong, and some funds may continue to attract funds whenever they fall.

Optimistic about the investment opportunities of the defense industry plate, focusing on the defense industry ETF (512810), the fund tracks the CSI military industry index, and the constituent stocks comprehensively cover 80 subdivision leaders in the defense industry field, which is a sharp weapon to invest in A-share military industry core assets. At present, the PE valuation of the CSI military index is at the bottom of the 7 per cent quartile in nearly 10 years, and the ratio of performance to price is particularly prominent. It is particularly worth mentioning that by the end of 2023, the excess return of the net worth growth relative to the performance benchmark of the defense industry ETF (512810) since its establishment is as high as 20.99%!

Note: the annual performance of ETF from 2016 to 2023 is-7.33%,-12.27%,-28.34%, 25.39%, 77.34%, 25.08%,-25.52%, 9.09%, respectively. The returns of the performance benchmark (CSI) for the same period are-3.44%,-18.37%,-27.25%, 22.02%, 67.91%, 14.28%,-25.74%,-11.02%, respectively.

The pictures and data of this article come from iFinD, Shanghai and Shenzhen Stock Exchange and Warburg Fund, as of 2024.4.16. Risk Tip: the Defense Industry ETF passively tracks the CSI, which is based on December 31, 2004 and was released on December 26, 2013. The above stocks are the underlying index stocks and are only for display. The individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The composition of the underlying index stocks is timely adjusted according to the rules of the index, and its historical performance does not predict the future performance of the index. The risk level of the fund assessed by the fund manager is R3-medium risk, which is suitable for balanced (C3) and above investors. the appropriate matching opinions should be based on the sales organization. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. The investment of the fund is risky, and the past performance of the fund does not represent its future performance.CrashbandicootjunglerollersThe performance of his fund does not constitute a guarantee of the performance of the fund, so the fund should be cautious in its investment.

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